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The Fed raised rates earlier this week, which is great news for savers looking ahead. Banks typically adjust high-yield savings account (HYSA) rates upward within days of a Fed increase. That means the APYs up to 4.50% you can get today could be just the beginning.
Moving your money now lets you capture current rates before they climb higher. Make the switch this weekend and position yourself for better returns ahead. Our Picks for the Best High-Yield Savings Accounts of 2026 Account APY Bonus Next Steps Open Account for SoFi Checking and Savings On SoFi's Secure Website .
Member FDIC. 4.90/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you.
Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor up to 4.00% Rate info Circle with letter I in it. Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26.
Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A.
Member FDIC. Min. to earn: $0 Earn $50 or $400 and +0.90% Boost on Savings APY with direct deposit. Terms apply.
Circle with letter I in it. Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26.
Rates are variable, subject to change. Terms apply at sofi.com/banking#4 . SoFi Bank, N.A.
Member FDIC. Open Account for SoFi Checking and Savings On SoFi's Secure Website . Open Account for Barclays Tiered Savings On Barclays' Secure Website .
Member FDIC. 4.90/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you.
Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor 3.50% Rate info Circle with letter I in it. Balances less than $250,000 earn 3.50%, and balances greater than $250,000 earn 3.65%. Min. to earn: $0 $200 Bonus with qualifying activities.
Terms Apply Circle with letter I in it. To earn a $200 bonus, new customers can open a savings account; deposit $25,000 or more within 30 days; and maintain at least that balance for 120 consecutive days. The bonus will be credited to your account within 60 days of meeting these requirements.
Offer ends Oct. 31, 2026. Terms apply. Open Account for Barclays Tiered Savings On Barclays' Secure Website .
Open Account for Happen Bank LevelUp Savings On Happen Bank's Secure Website . Member FDIC. 4.70/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor 4.00% APY with $250+ in monthly deposits Rate info Circle with letter I in it. *LevelUp Rate of 4.00% APY applied to full balance with $250+ in deposits in Evaluation Period. Otherwise, accounts earn Standard Rate of 3.00% APY.
LevelUp Rate applies to first two statement cycles. Rates variable & subject to change at any time. See terms: https://www.happen.com/legal/deposits/levelup-savings-t-and-cs Min. to earn: N/A Open Account for Happen Bank LevelUp Savings On Happen Bank's Secure Website .
Disclaimers Best high-yield savings rates today, Sept. 19, 2026 Bank Account APY Requirements Go2bank up to 4.50% On savings vault balances up to $5,000 when your checking account is active and in good standing. Elevault 4.34% No min. balance. Axos ONE® up to 4.21% Receive at least $1,500 in total monthly qualifying direct deposits and maintain an average daily balance of at least $1,500 Newtek Personal High Yield Savings 4.20% $100 min. deposit required to open.
No min. balance requirement. CNB Bank from Raisin 4.17% Rate guaranteed for 60 days from funds posting. $1 min. deposit. Eligibility rules apply.
NexBank High-Yield Savings Account from Raisin 4.15% Rate guaranteed for 90 days from funds posting. $1 min. deposit. Eligibility rules apply. Data source: Issuing banks.
Rates are accurate as of Sept. 18, 2026. Featured HYSA: Right now, with the NexBank High-Yield Savings Account from Raisin, earn 4.15% APY for a limited time. New Raisin users get a 90-day rate lock, guaranteed.
Growing your savings balance has never been easier. Rates as of NexBank High-Yield Savings Account from Raisin Member FDIC. Limited-Time Offer Earn up to $1,000 when you sign up and fund your account using code STACK.
APY 4.15% Rate info Circle with letter I in it. Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate — currently 3.97% APY (subject to change).
No minimum account balance required. Deposit or withdraw at any time with no additional fees. See product terms for complete details.
Min. To Earn APY $1 High APY No monthly service fee Unlimited ACH transfers FDIC insured Deposits and withdrawals can only be conducted via ACH transfer to/from an external bank account (limited to one linked external account) No checking account offered through Raisin No branch access; online only Earn a 4.15% APY with a High-Yield Savings Account from NexBank (Member FDIC), powered by Raisin. NexBank has been a trusted institution in Texas for over 100 years.
If maximizing yield is your priority and you don't need branch access, it's a solid pick. New customers only. Earn a cash bonus (the "Base Bonus") when you deposit and maintain funds with partner banks on the Raisin platform.
Customers will receive a Base Bonus of $40 for depositing between $10,000 and $24,999; $100 for depositing between $25,000 and $49,999; $200 for depositing between $50,000 and $99,999; $425 for depositing between $100,000 and $199,999; and $900 for depositing $200,000 or more. Multi-Product Boost: Customers eligible for the Base Bonus may earn an additional bonus by opening a product in a second product category. To qualify, customers must deposit at least $1,000 into the secondary product category within 14 days of their initial deposit and maintain balances over $1,000 in both categories through 90 days from the initial deposit date.
For the purposes of this promotion, High-Yield Certificates of Deposit constitute one product category; No-Penalty CDs and Callable CDs constitute a second product category; and Savings Accounts (including Money Market Deposit Accounts, High-Yield Savings Accounts, and Rate Lock Savings Accounts) constitute a third product category. Multi-Product Boost eligibility is determined by your Base Bonus tier: customers depositing between $10,000–$24,999 receive an additional $10; $25,000–$49,999 receive an additional $25; $50,000–$99,999 receive an additional $50; $100,000–$199,999 receive an additional $75; and $200,000 or more receive an additional $100. Customers are eligible to earn the Recurring Deposit Bonus associated with their Base Bonus tier or any lower Recurring Deposit Bonus tier.
For example, a customer with an initial deposit of $200,000 (qualifying for the highest Base Bonus tier) whose aggregate recurring deposits total $500, is eligible for the lower tier and will receive the $50 Recurring Deposit Bonus. However, setting up a recurring deposit greater than your Base Bonus tier's required threshold will not qualify you for a higher Recurring Deposit Bonus. The Multi-Product Boost is optional and paid in addition to the Base Bonus.
To qualify for the Base Bonus and Multi-Product Boost, your first deposit must be initiated between September 1, 2026, and September 30, 2026, by 11:59 PM ET, and the promo code STACK must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days of the initial deposit date will be eligible for the Base Bonus and Multi-Product Boost. Bonus cash will be credited directly to your Cash Account within 30 days of meeting all qualifying terms.
This offer is available to new customers only, is non-transferable, and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service. At Motley Fool Money, we rate savings accounts on a five-star scale, shown in tenths of a point to highlight even small differences between products.
Accounts are evaluated across four main criteria: APY Brand and reputation Fees and minimum requirements Accessibility and features Scores may be adjusted to reward limited-time high rates or penalize accounts with excessive fees. Our goal is to highlight accounts that are competitive, easy to use, and backed by trusted institutions. Learn more about how Motley Fool Money rates bank accounts.
At Motley Fool Money, we rate savings accounts on a five-star scale, shown in tenths of a point to highlight even small differences between products. Accounts are evaluated across four main criteria: APY Brand and reputation Fees and minimum requirements Accessibility and features Scores may be adjusted to reward limited-time high rates or penalize accounts with excessive fees. Our goal is to highlight accounts that are competitive, easy to use, and backed by trusted institutions.
Learn more about how Motley Fool Money rates bank accounts. Unlock today's strongest rates -- and tomorrow's, too We track savings accounts with standout APYs, fewer fees, and better terms. Join 35,000+ readers getting weekly roundups of top rates and smarter ways to grow their money.
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How the Fed's rate hike affects your savings The Federal Reserve's rate increase on Wednesday marks its first hike since mid-2023 -- and it's great news for savers ready to act. The current rate environment: Top high-yield savings accounts are paying between 4.00% and 4.50% APY right now. Don't expect those numbers to stay put.
Banks typically respond within days when the Fed moves, so the rates you see today could be just the floor. Why timing matters: HYSA rates are variable by nature. They move with Fed decisions, and they move fast.
The three rate cuts throughout 2025 proved how quickly the landscape shifts. The same speed applies in reverse -- early movers capture stronger rates before banks raise them further. What makes HYSAs attractive now: You get FDIC protection up to $250,000, full access to your cash, and rates that are moving in your favor.
That combination makes high-yield savings one of the smartest places for money you're not investing. How to open an HYSA Opening a high-yield savings account online is a fairly simple process, and most banks have streamlined it. Here's what you'll do: Review your options.
The table above shows today's top rates and basic requirements side by side. Pay attention to minimum balance thresholds -- some accounts require $5,000 or more to unlock the highest APY tier. Apply.
Fill out a short online form with your personal details: name, address, date of birth, Social Security number. Most banks approve applications within minutes. Fund the account.
Link a checking or existing savings account and transfer your opening deposit. Funds generally arrive within one to three business days, and you'll start earning interest from the day the deposit clears. Once the account is active, you're all set.
Turn patience into profit with compound interest The appeal of compound interest is that it works without any action on your part. At 4.00% APY , interest accrues daily on your balance, gets credited monthly, and then begins earning interest itself. The result over time: Starting Balance After 1 Year After 5 Years After 10 Years After 20 Years $1,000 $1,040 $1,217 $1,480 $2,191 $5,000 $5,204 $6,105 $7,454 $11,113 $10,000 $10,407 $12,210 $14,908 $22,226 $20,000 $20,815 $24,420 $29,817 $44,452 Data source: Author's calculations.
The national average rate of 0.38% produces a fraction of these outcomes -- a $20,000 balance earns less than $80 in a year at that rate. At 4.00% APY, the same balance earns over $800. Choosing a top HYSA can mean greater than 10x more interest , year after year, on money you were already planning to keep in savings.
Compare today's best high-yield savings accounts . FAQs Most online banks let you open a high-yield savings account in 10-15 minutes from your computer or phone. You'll need basic info like your Social Security number, address, and bank account details for linking transfers.
Your account is usually active the same day, though transfers between banks can take a business day or two. No. High-yield savings account rates are variable, meaning banks can change them at any time.
The good news is that rates are most likely to move when the Fed makes changes -- like the rate hike earlier this week. The bad news is your rate isn't guaranteed. That's why it's smart to open an account while rates are strong -- and why you shouldn't delay if you're considering making a move.
Many online banks that offer high-yield savings accounts have no minimum deposit requirement. You can often open the account with as little as $1. However, some banks do require a minimum balance to open an account or earn the advertised APY, so check the fine print.
Source: The Motley Fool
